Brazil had a pretty huge international debt. I don't know if it applies to you guys, but the internal debt here was the bigger problem, although international debt gets more screen time. Anyway, thing is, Brazil is one of the countries with the highest tax rate in the world (seriously, you wouldn't believe how much we pay in taxes), and is corrupted to the core, meaning a huge chunk of that money up and vanishes, and we were still able to sit down, re-evaluate and pay the international debt in a bit more than 4 years, while it seemed impossible a few years before. And the U.S. is a much more productive country in terms of money, which basically goes to show that it's not done simply because the people responsible for guiding the nation are not interested in doing it - pick your reasons. Also, having basically two major political parties (ok, ok, three, but in all fairness...) means the attrition war is pretty severe there, to the point that I wouln't be surprised to see one party letting the country nuke itself just to prove the other party was incompetent. Pretty scary, actually.